| The figures from what Khazanah Nasional called a "hard reset" of beleaguered flag carrier Malaysia Airlines (MAS) certainly sounded impressive - it would slash 6,000 jobs and pump in RM6 billion (S$2.4 billion). But the sovereign wealth fund's rescue plan for an airline that has lost RM5 billion since 2011 is not quite as bold as it seems in this age of the sound bite.
There is nothing ingenious about the idea of dumping money into a business to continue operations - even one that loses more than RM1 million a day from just financing costs alone - or of "right-sizing" the headcount by a third, when you have only 60 per cent of neighbouring Singapore Airlines' efficiency...............................................Full Article: Source
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